Yigit Taha OZTURK 
Trump Media and Technology Group announced that its recently approved $400 million share buyback program will not interfere with its plan to build a Bitcoin (BTC) treasury using $2.3 billion in funds.
Bitcoin Investment Strategy Still Intact
The company behind Truth Social, owned by former U.S. President Donald Trump, stated that the buyback will proceed without impacting its long-term Bitcoin strategy. Initial rumors of a $3 billion raise were denied, but later the company confirmed a $2.5 billion funding round, including a $2.3 billion private placement dedicated to acquiring Bitcoin.
SEC Greenlight and ETF Ambitions
The U.S. Securities and Exchange Commission (SEC), under the leadership of Trump-appointed Paul Atkins, approved the registration for the Bitcoin investment. The funds came from the resale of 56 million shares and 29 million shares related to convertible notes.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
Separately, Trump Media has applied to launch a spot Bitcoin ETF, alongside a dual product including Ethereum (ETH). The SEC has been approving spot Bitcoin ETFs since January 2024 and Ether ETFs since May 2024.
Strategic Bitcoin Reserve and Legal Tensions
Earlier in March, President Trump issued an executive order proposing the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile for government-held digital assets. However, U.S. lawmakers raised concerns, accusing Trump of leveraging his position to enrich crypto firms.
On the same day, Senator Adam Schiff introduced legislation that would ban the President and his family from promoting or sponsoring digital assets — a move that could legally challenge Trump Media‘s Bitcoin-focused initiatives.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.